Home  Contact Us
  Follow Us On:
 
Search:
Advertising Advertising Free Newsletter Free E-Newsletter
NEWS

Russia bans all residents from transferring money abroad
Published on: 2022-03-01
Share to
User Rating: / 0
PoorBest 

Putin has ordered a ban on foreign exchange loans and transfers by Russian residents to outside of the country, the Kremlin said on Monday, in retaliation for economic sanctions imposed on Moscow by the West.
 

The Russian president also signed into law an order for exporting companies to sell 80% of their foreign exchange earnings made since 1 January on the market.
 

This included the Western decision to freeze Russia’s hard currency reserves in an unprecedented move that could have devastating consequences for the country’s financial stability.
 

Katya, a resident from Moscow said: “My Russian bank card doesn’t work anymore. Also I wanted to exchange the rubles I had in cash but the exchange rate is so horrible that there’s no point. I can use them for toilet paper now.”
 

普京下令禁止向境外汇出外币

普京签署的法令要求,从3月1日起禁止俄罗斯居民将外币转移到他们的账户或在外国银行的存款中。

Comments (0)Add Comment

Write comment

security code
Write the displayed characters


busy
    Subscription    |     Advertising    |     Contact Us    |
Address: Magnetic Plaza, Building A4, 6th Floor, Binshui Xi Dao.
Nankai District. 300381 TIANJIN. PR CHINA
Tel: +86 22 23917700
E-mail: webmaster@businesstianjin.com
Copyright 2022 BusinessTianjin.com. All rights reserved.